PM Tsipras = Grexit?

[Maik]

Events have rudely exposed the illusion that the Greek people will submit quietly to a decade of colonial treatment and debt servitude.

As matters stand, it is more likely than not that a defiant Alexis Tsipras will be prime minister of Greece by late January. His Syriza alliance vows to overthrow the EU-IMF Troika regime, refusing to implement the key demands.

A view has taken hold in EU capitals and the City of London that Mr Tsipras has resiled from these positions and will ultimately stick to the Troika Memorandum, a text of economic vandalism that pushed Greece into seven years of depression, with a 25.9pc fall in GDP, longer and deeper than Europe’s worst episodes in the 1930s.

Mr Tsipras is a polished performer on the EU circuit. He can no longer be caricatured as motorbike Maoist. But the fact remains that he told Greek voters as recently as last week that his government would cease to enforce the bail-out demands “from its first day in office”.

The logical implication is that Greece will be forced out of the euro in short order, unless the EU institutions capitulate.

The EU’s mishandling of Greece has been calamitous.

http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/11286477/Greek-candidate-willing-to-call-European-leaders-bluff.html